Private Chefs
Salaries at family offices vary widely, said Pearl, whose New York-based firm has helped families hire cybersecurity experts, find college advisers and create procedures for staff at multiple residences.
Private chefs can command salaries from $40,000 to as much as $200,000 a year with full benefits depending on whether they have top restaurant experience and have worked with other wealthy families, Pearl said. College-adviser fees, a growing area, can range from $5,000 to $25,000.
“It’s not like the ‘blue book’ where you look up chief risk officers or chefs and there are standard comp rates,” she said. “It’s a very fragmented market.”